New Issue: Morgan Stanley sells $2.80 million leveraged buffered notes on S&P 500

By Marisa Wong

Morgantown, W.Va., July 19 – Morgan Stanley Finance LLC priced $2,803,000 of 0% leveraged buffered notes due July 5, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum settlement amount of $1,165.30 per $1,000 principal amount. Investors will receive par if the index declines by up to 10% and will lose 1.1111% for every 1% that the index may decline beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$2,803,000
Maturity:	July 5, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index return, subject to 16.53% maximum return; par if index declines by up to 10%; 1.1111% loss for every 1% that index may decline beyond 10%
Initial index level:	2,419.70
Buffer level:	2,177.73, 90% of initial level
Pricing date:	June 29
Settlement date:	July 7
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61768CLM7

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